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22959639
22959640

35 Black Jack Court, Florissant, MO 63033

CH
TX 597585
Trinity Real Estate Investment Services
EK
TX 9007104
Trinity Real Estate Investment Services
CC
TX 697980
Trinity Real Estate Investment Services
BB
TX 611825
Trinity Real Estate Investment Services
Listed by Trinity Real Estate Investment Services
$970,000
88 days on market
Updated 88 days ago

Family Dollar - Top 6% per Placer

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 8,872
Units 1
Cap Rate 8.25%
NOI $80,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree (+3)
Lease Type NN
Lease Term 20.9
Lease Expiration 06/29/2036
Remaining Term 10
Price per SqFt $109
Year Built 2015
Buildings 1
Acreage 1.090
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 08/18/2015
Ownership Fee Simple

Retail | 8.25% CAP | 8,872 SF

Marketing description

Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Family Dollar in Florissant, MO. The tenant exercised an early lease extension showing commitment to the location. The subject property is situated near signalized intersection of Parker Rd and Old Halls Ferry Rd.

Property Website: https://trinityreis.com/listing/35-black-jack-court/

In Cooperation with Brian Brockman at Bang Realty-Missouri Inc | MO #2017032771 | [email protected] | (513) 898-1551

Investment highlights

  • Top 6% Performing Family Dollar Location Nationally, According to Placer

  • Family Dollar Exercised An Early Lease Extension Showing Strong Commitment To The Location

  • 10+ Years of Lease Term Remaining

  • NN Lease With Minimal Landlord Responsibilities

  • 10% Rental Increases During Extension Periods

  • 197K+ 5 Mile Population – Surrounded by Residential Properties With Strong Built-In Customer Base Within Immediate Area

  • Near Signalized Intersection of Parker Rd and Old Halls Ferry Rd With Combined Traffic Counts of 18,000+ Vehicles Passing by Daily

  • Just 13 Miles From Downtown St. Louis, With MSA Population of Almost 3M

Listing Contacts

CH
TX 597585
Trinity Real Estate Investment Services
EK
TX 9007104
Trinity Real Estate Investment Services
CC
TX 697980
Trinity Real Estate Investment Services
BB
TX 611825
Trinity Real Estate Investment Services
Listed by Trinity Real Estate Investment Services

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$80,000.00
$6,666.67/mo

Valuation Metrics

0
DSCR
8.25%
Cap Rate
8.25%
ROI

Map

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Additional Information

Name
Brian Brockman
License
MO #2017032771
Brokerage
Bang Realty-Missouri Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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